Kenyan News

Kenyan News

Shelter Afrique issues Profit Warning

March 27, 2017
Pan African Financial Institution Shelter Afrique issued a profit warning for their 2016 financial year and expects their earnings to be lower than 25 percent of their earnings reported in their previous financial year (2015). […]
Kenyan News

NSE Hikes Dividend Ratio Despite 40% Profit Slump

March 23, 2017
Nairobi Securities Exchange Limited (NSE Kenya) has said its full year profit fell by 40%, hit by a decline in equity turnover, which fell by 30% from Kshs. 419 billion in 2015 to Kshs. 294 billion in […]
Kenyan News

M-Akiba Mobile Bond Goes Live…..

March 23, 2017
Kenya today set history by becoming the first country in the world to offer a government bond traded exclusively through a mobile handset. The M-Akiba bond will debut at the capital markets as a Special […]
Workers arrange packets of sugar on a conveyor belt at the Mumias sugar factory in western Kenya,
Kenyan News

Mumias Sugar Receives Sh240 Million Bailout from Govt

March 23, 2017
Mumias Sugar Company has received about Sh 240 Million from the government as part of the company’s ongoing bailout arrangement worth Sh3 billion which was requested in 2015. The Govt through the ministry of Treasury disbursed the amount last week to […]

African News

African News

Sanlam Group Acquires Majority Stake in PineBridge East Africa

March 22, 2017
Sanlam Group, through its subsidiary Sanlam Emerging Markets (SEM), has reached an agreement with PineBridge Investments (“PineBridge”), a leading global multi-asset class asset manager, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited […]
African News

I&M Bank Rwanda IPO Oversubscribed by 209%

March 21, 2017
I&M Bank Rwanda has announced that its recent offer for the sale of a 19.81 percent stake through an Initial Public Offer has been oversubscribed by a solid 209 per cent. The Bank said investors applied for […]
African News

M&A action shifts from West to East Africa, C&C Report

March 21, 2017
Despite market deal volumes for Africa’s Mergers and Acquisitions being down by nearly a third, international law firm Clifford Chance saw an increase in M&A instructions in Africa in the same period. Clifford Chance’s recent publication […]
African News

Somalia Gets First 4G Internet

March 21, 2017
On Saturday, telecom company, Somnet launched the first 4G network in Somalia’s capital, Mogadishu where “hundreds were seen making long queues at the Somnet headquarters to purchase the 4G simcard,” Dalsan Radio Mogadishu reports. The services […]

Global Market

Global News

UK regulators to examine Fox’s bid for control of Sky

March 17, 2017
Britain’s government has asked two regulators to evaluate Rupert Murdoch’s effort to consolidate his UK media holdings. Culture Secretary Karen Bradley has asked regulators to examine Rupert Murdoch’s 21st Century Fox’s takeover bid for Sky. […]
Global News

U.S regulators reject Bitcoin ETF Listing

March 11, 2017
The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency. SEC said the proposed Winklevoss Bitcoin […]

Opinion and Commentary

Editorial

About time the Nairobi Securities Exchange Innovated

February 12, 2017
Sometime last year, Bloomberg Businessweek had one of the most interesting stories ever. The report covered Renaissance Technologies, one of the most secretive yet most successful hedge funds having returned $55 Billion in profit over 28 […]

Events

Mar
29
Wed
all-day Equity Bank to sign Sh10.5 Billi...
Equity Bank to sign Sh10.5 Billi...
Mar 29 all-day
Equity Bank and its regional subsidiaries will tomorrow sign a Kshs. 10.5 Billion deal with European Investment Bank to support regional entrepreneurs. The event will be held at the Radisson Blu Hotel in Upper hill [...]
all-day FT Africa Payments Innovation Su...
FT Africa Payments Innovation Su...
Mar 29 all-day
The Financial Times has announced that the inaugural FT Africa Payments Innovation Summit, will be taking place in Kenya on 29 March 2017. As Africa’s regional payments systems continue to develop, there will be discussions on how the industry is [...]
Mar
30
Thu
all-day Kenya 2017/2018 Budget Reading
Kenya 2017/2018 Budget Reading
Mar 30 all-day
Kenya 2017/2018 Budget Reading
Kenya’s Cabinet Secretary for treasury Treasury will present the government’s budget for the fiscal year of 2017/18 (July-June) in the parliament on Thursday 30th March 2017. Kenya usually presents its budget in June but it has advanced [...]
Mar
31
Fri
7:45 am Uchumi AGM
Uchumi AGM
Mar 31 @ 7:45 am – 8:45 am
Uchumi Supermarkets set to hold its Annual General Meeting on 31-March 2017.   Venue; Not yet Decided
Apr
10
Mon
all-day East Africa’s Islamic Economy Su...
East Africa’s Islamic Economy Su...
Apr 10 all-day
To explore how East Africa can tap into the Islamic Economy, with an  estimated global value of $2.3 trillion, Kenya will host the 2nd edition of the East Africa Islamic Economy Summit (EAIES 2017) on [...]

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